BHUBANESWAR: A youth was arrested by Odisha police when he was trying to deposit fake currency notes at a bank at Khurda town, near Bhubaneswar, amid the rush of customers depositing money following the demonetisation of high-value currency notes.

Sumit Kumar Tudu, a resident of Kendrapara district, was trying to deposit R

s.

2.5 lakh at the SBI branch at Khurda town, around 25 km from Bhubaneswar.

“We found fake currency notes of Rs.

47,000 face value in the bundle,” SBI in-charge, Khurda, Deba Prasad Kanhar said, adding that the bank authorities have informed the police about the incident.

Forty-two of the fake currency notes being deposited by Mr Tudu had a face value of R

s.

1,000 each and 10 notes had a face value of R

s.

500 each, police said.

The youth claimed to be the son of a bank officer and reportedly told the police that the money belonged to his father and that he was told to deposit the amount in his father’s account.

Police have registered a case under sections 489A, B, C and other sections of the IPC. The youth was being interrogated, Harihar Pani, Khurda SDPO said

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The Minister of State for Commerce & Industry (Independent Charge), Smt. Nirmala Sitharaman addressing a press conference, in New Delhi on October 14, 2016.

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